I-3 - Taxation Act

Section 985.27 Disposition versions

2006-12-06

985.27. (Repealed).

1997, c. 14, s. 175; 1999, c. 83, s. 162; 2003, c. 9, s. 161; 2005, c. 38, s. 227; 2006, c. 36, s. 96.

2006-03-01

985.27. In this chapter,

"disbursement quota" of a recognized arts organization for a taxation year means an amount equal to the amount determined in accordance with sections 985.9 to 985.9.4 as if the recognized arts organization were a charity registered as a charitable organization;

"qualified donee" means a donee who is

(a)  described in any of subparagraphs v and ix of paragraph a, in subparagraph 2 of subparagraph i of paragraph c or in paragraph d of section 710;

(b)  a national arts service organization validly registered as such under subsection 6.4 of section 149.1 of the Income Tax Act (Revised Statutes of Canada, 1985, chapter 1, 5th Supplement); or

(c)  a recognized arts organization constituted for purposes similar to those for which the recognized arts organization making the gift was constituted;

"taxation year" means, in the case of a recognized arts organization, a fiscal period.

1997, c. 14, s. 175; 1999, c. 83, s. 162; 2003, c. 9, s. 161; 2005, c. 38, s. 227,; [Please refer to the transitional rules when the section 985.27 applies to a taxation year starting before January 1st, 2009: 2005, c. 38, s. 227, par. 2.].